Mumbai-based startup MemeChat will use the funding to improve user experience on its app, which allows meme creators to be paid by brands.
Mumbai-based MemeChaton Monday raised $150,000 from early-stage venture fund 500 Startups as part of its accelerator programme. Taking part in the 27th batch, MemeChat became the only Indian startup to join the programme.
Kyle Fernandes, CEO and Co-Founder of MemeChat said, “Securing the funding from a globally renowned firm like 500 Startups will help us to push the accelerator on our growth plans. For a young company like ours, this global recognition is a huge boost. It will also help us gain more exposure and visibility in the startup ecosystem.”
The startup will use the funding to revamp its platform and make it more user-friendly, and is now eyeing a global user-base.
The latest version is an interactive format with new features like saving favourite memes, a section that presents top trending memes of the day, and MemeChat group battle. The latter is designed as a debating platform where users can battle it out by using memes.
Disclaimer: SAE India aims to provide a forum for interesting early stage companies at a fundraising stage to present. However SAE India is not a fund, does not do crowd sourced fundraising, nor does it provide investment advice or recommendations. Any due diligence, negotiation or investment activity conducted by members or officers of SAE India is conducted solely as an individual of their own accord as an accredited investor, not as an officer or representative of Stanford University, or Stanford Alumni Association. Stanford University and Stanford Alumni Association are not in any way endorsing or assessing the companies or entrepreneurs who present at SAE India nor are they involved in SAE India members or officers’ individual investment decisions regarding these companies.
4352 Market St
#3200 Philadelphia, PA 19103
6 Split Rock Drive
Cherry Hill, NJ 4563
343 Main St
#232 Singapore, SG 67867
89 Kingstreet St
#3200 London, PObox 19103